Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Please note - Likely Loans are no longer an active lender. As such this page is no longer maintained and some of the information displayed here may now be inaccurate. To see our list of active lenders please click here.

In September 2022, Likely Loans rebranded to Finio Loans. To see our information page about Finio loans please click here.

Who are Likely Loans?

Likely Loans have been offering short-term loans since 2014 and are a trading name of Oakbrook Finance.

Likely Loans

How much can I borrow?

Likely Loans offer loans valued between £500 and £5,000.

What sort of interest rate can I expect to pay?

Likely Loans’ advertised Representative APR is 59.90%. Borrowing £2,000 over a 24 month period, with a fixed annual interest rate of 59.9% would mean paying back 24 monthly instalments of £131.05. After the loan has been successfully paid back, you would have paid back a total of £3,145.20.

What sort of repayment plans do Likely Loans offer?

Options to repay the loan in full range between 12 to 36 months.

Can I repay my loan early?

Likely Loans offer customers the option to repay their loan in part or full at any time. They will not charge an early repayment fee, but will charge interest as permitted under consumer credit (early settlement) regulations 2004. The amount will vary from case-to-case and can be discussed in more detail with the customer service team.

What do I have to do to apply to Likely Loans?

Likely Loans ask you to fill in an online application form and will then be able to provide you with an instant answer. The minimum requirement for anyone to apply is:

The process will ask you to also log into your bank account. While this is optional, Likely Loans say having access to your bank transaction history will help them determine if you are able to afford the loan or not.

The check is carried out through a company called consents.online, who will pass on bank transaction and income history to Likely Loans. This part of the process will not be included on your credit file.

You may also be asked to upload additional documents, such as a drivers licence, to verify your identity. Within 24 hours you will receive an email to update you on the status of your application.

How long does it take to receive the money?

If you are successful with your application for a loan with Likely Loans, they will aim to get the money to you within one working day of approval.

Do Likely Loans charge additional fees for late payments?

Likely Loans state that late payments may lead to further interest being added based on the rate originally agreed to in your agreement.

How can I contact Likely Loans’ customer service team?

Enquires related to new loan applications should call 0208 080 6450 between 8am and 8pm, Monday to Friday.

Existing customers should call 0208 080 6457 between 8am and 8pm, Monday to Friday, and 9am to 1pm on Saturday.

Likely Loans also have a live chat feature.

Is there an option to manage my account online?

Yes, once your loan application has been accepted you will be sent an email explaining how to set up an online account. Once active you will be able to log in at any time to view your current loan balance.

Are Likely Loans on social media?

Twitter: @LikelyLoans

Facebook: Home page

What sort of customer feedback do Likely Loans receive?

As of October 2021, Likely Loans have a rating on Feefo of 4.9/5 based on 21,130 reviews.

Do the Financial Conduct Authority (FCA) authorise and regulate Likely Loans?

Likely Loans are authorised and regulated by the FCA which you can see details of under the Oakbrook Finance listing on the FCA register.

Likely Loans summary

Likely Loans are able to offer people loans worth between £500 and £5,000. Repayment terms range from 12 months to 36 months, with a representative APR of 59.90% (daily interest rate of 0.16%).

In order to apply for a loan you must be:

Likely Loans will also ask to check your bank account transaction history to assist their affordability checks. If successful, money will be received within one working day.

You have the option to repay the loan early, although additional interest will be applied.

Customers will be given an online account where they can keep up-to-date with their payment schedule.

Feedback from previous customers is very favourable, with a rating of 4.9/5 on Feefo from over 21,000 reviews, as of October 2021.

CashLady Representative 79.5% APR

Representative Example

Amount of credit:
£1000 for 12 months
at £123.40 per month
Total amount repayable of £1,480.77
Interest: £480.77
Interest rate: 79.5% pa (fixed)
79.5% APR Representative

Warning: Late repayment can cause you serious money problems.
For help, go to moneyhelper.org.uk


Get your personalised quote today!

How much do you want to borrow? Representative 79.5% APR

CashLady Representative 79.5% APR